Labour’s manifesto includes an increase in the minimum wage, a corporation tax hike and an “excessive pay levy” on salaries above £330,000.

Johnson described the manifesto as a “very scary document”, particularly the nationalisation plans and “sharp” increases in public spending and tax.

He said: “As far as I can see there’s a lack of real calculations in how it should all be funded and I think it would be very discouraging for those who are prepared to grow business to have these extra burdens and controls imposed.”

Theresa May’s policies were more likely to stimulate growth, he added.

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Propel Morning Briefing

Propel Info publishes an online Morning Briefing with all the latest hospitality industry news as well as Propel Quarterly, an insightful magazine analysing and interpreting what’s happening in the sector now and in the future. Here we feature relevant stories for our sector from the Morning Briefing. In addition, Propel has a Multi-Club, which has over 700 members and hosts three conferences a year to exchange innovations, ideas and best practice. IBS is the technology sponsor for the Propel Multi-Club.

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